Bitwise, a prominent asset manager, is advancing the launch of its proposed Hyperliquid ETF, with recent filings indicating the product is nearing market availability. The move signifies a strategic expansion by Bitwise into regulated digital asset investment products beyond traditional cryptocurrencies.
- Asset manager Bitwise has taken steps to advance its proposed Hyperliquid ETF, submitting new amendments to its SEC filing.
- Key details revealed include the ticker symbol BHYP, a proposed management fee of 0.67%, and NYSE Arca as the intended exchange for listing.
- This initiative coincides with a period of strong performance for Hyperliquid (HYPE), which has recently outperformed the broader digital asset market over the past year.
ETF Details and Regulatory Milestones
The amended registration statement filed with the SEC outlines the investment objectives and operational parameters for the Bitwise Hyperliquid ETF. The fund aims to provide investors with exposure to the value of Hyperliquid and generate additional returns through staking rewards.
“In connection with its investment objective of seeking to derive additional Hyperliquid through staking, the Trust will stake some or all of the Hyperliquid held in the Trust Hyperliquid Accounts,” the filing stated.
The introduction of the ticker symbol BHYP and a sponsor fee of 67 basis points (0.67%) are considered significant procedural steps, often preceding the official launch of an ETF on national exchanges. This suggests that regulatory approval is anticipated in the near future.
Industry observers noted that these additions represent one of the final stages in the ETF approval process. This strategic timing likely aims to capitalize on Hyperliquid’s recent market momentum.
Bitwise w another update to Hyperliquid ETF includes ticker $BHYP and fee 67bps. Typically that means launch soon. HYPE is up 200% in past yr so they prob trying to strike while iron hot
— Eric Balchunas
The potential launch of the BHYP ETF will further diversify Bitwise’s growing portfolio of digital asset investment products. The firm has been active in expanding its offerings beyond Bitcoin and Ethereum, providing regulated access to alternative layer-one networks and protocols such as Solana, Chainlink, and XRP.
This US-focused ETF follows Bitwise’s recent international expansion. On April 9, the firm launched a physically backed Hyperliquid Staking product on the Deutsche Börse Xetra, which tracks the Kaiko HYPE Reference Rate LDNLF index. This international offering aims to simplify participation for institutional investors by automatically capturing on-chain staking yields, mitigating the complexities of private key management and self-custody.
HYPE’s Market Performance and Utility
Hyperliquid’s native token, HYPE, has demonstrated exceptional performance this year, emerging as one of the top-performing digital assets. The token has experienced a significant surge of 66% since the beginning of 2026, showcasing considerable relative strength compared to the broader digital asset market, which has faced volatility.
A key factor contributing to HYPE’s recent outperformance is its underlying utility during periods of geopolitical and macroeconomic uncertainty. During a recent escalation of hostilities in the Middle East, which led to the closure of traditional financial markets, institutional and retail investors reportedly rotated into blockchain-based infrastructure, including Hyperliquid.
The Hyperliquid platform served as a critical venue for traders seeking to hedge against geopolitical risks. Participants utilized synthetic perpetual futures contracts to gain exposure to global benchmarks like Brent crude and gold, demonstrating the protocol’s value as a risk management tool before a subsequent ceasefire was brokered.
Source: : beincrypto.com